New York City Doubles down on Crypto

The Big Apple is getting in to the crypto market despite the bear market. The NYC Economic Development Corp. (EDC) opened a 4000 square foot blockchain center on January 10th, 2019 amid what some people might call the crypto winter.

Why? Because the EDC is looking ahead and “playing the long game” said Ana Arino (the chief strategy officer at the EDC) told Bloomberg. “Being a nascent technology there’s bound to be uncertainty about its evolution from year to year. We want to make sure we have a seat at the table shaping it.”